Tremont Mortgage Trust Announces Quarterly Dividend on Common Shares
Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). The distribution declared today will be paid to TRMT's common shareholders of record as of the close of business on October 26, 2020 and distributed on or about November 19, 2020.
TRMT's Board of Trustees will continue to monitor TRMT's financial performance and economic outlook as the year progresses to determine a prudent level for any subsequent regular quarterly distributions for 2020 or declare and pay a dividend required to maintain TRMT's tax status as a real estate investment trust.
Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that focuses primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. TRMT is managed by Tremont Realty Advisors LLC, an SEC (News - Alert) registered investment adviser and an indirect subsidiary of The RMR Group Inc.
WARNING REGARDING FORWARD LOOKING STATEMENTS
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward looking statements are based upon TRMT's present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond TRMT's control. Forexample:
The information contained in TRMT's filings with the SEC, including under "Risk Factors" in TRMT's periodic reports or incorporated therein, identifies other important factors that could cause TRMT's actual results to differ materially from those stated in or implied by TRMT's forward looking statements. TRMT's filings with the SEC are available on the SEC's website at www.sec.gov.
You should not place undue reliance upon forward looking statements.
Except as required by law, TRMT does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
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